reAlpha Tech (AIRE) CEO Michael Logozzo Receives RSU Award
$AIRE · reAlpha Tech Corp.Research Summary
AI-generated summary of this SEC filing
reAlpha Tech (AIRE) CEO Michael Logozzo Receives RSU Award
What Happened
Michael J. Logozzo, CEO and Director of reAlpha Tech Corp. (AIRE), was granted 52,296 restricted stock units (RSUs) on July 30, 2026. The RSUs represent a contingent right to receive one share of common stock per RSU; the grant has an implied initial value of about $74,998 based on the 10‑day VWAP of $1.4341 used to set the award. This was an award/compensation grant (reporting code A), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-07-30; Form 4 filed: 2026-08-03 (filed within required 2 business days).
- Grant size: 52,296 RSUs; filing shows $0.00 acquisition price (standard for RSU grants).
- Valuation basis: 10‑day VWAP through July 30, 2026 = $1.4341 → implied value ≈ $75k.
- Vesting: 50% vests 12 months after grant; remaining 50% vests in four equal quarterly installments over the next 12 months (so fully vested over ~24 months), subject to continued service and plan terms.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: RSUs convert to one common share each at vesting and are governed by the issuer’s 2022 Equity Incentive Plan.
Context
This was a routine compensation award to an executive (not a purchase or sale). RSU grants are commonly used for retention and compensation and do not by themselves indicate a near‑term buy or sell intention. The filing appears timely under Section 16 reporting rules.